Breathtaking sunsets, starry, starry nights AND exceptional
craftsmanship and functionality! Unprecedented covered parking &
shop space with a 2-car garage, 3-car carport, and a massive fully
insulated drive-through shop. Built in 2019, it can house 6 to 8
vehicles, a boat, or a full-sized RV ready set up with on-site
sewer access for convenient waste disposal. Approximate
measurements: 16.8 feet high, with peak at 21 feet, 45 feet deep,
and 40 feet wide. Home was built in 1995 with a rare robust steel
pier-and-beam construction. Electrical plugs and lights along the
drive for installation of electronic gate. All walls and closets
are insulated. Interior updates: electric pump HVAC with
thermostat, EE vinyl windows, waterproof wood-based laminate
flooring, ceramic tile, water heater, Hardie board siding, vented
soffits, cross supports for lateral structural support, ceiling
fans, and roof repairs. Sewer line replaced for correct sloping and
venting. 1-inch PEX tubing protected in 3-inch PVC sewer pipe for
no-dig repairs from meter to the house. ½-inch PEX tubing for all
supply water. Remodeled kitchen presents new island, 8X4 walk-in
pantry, quartz counters, deep single bowl sink, stainless-steel
appliances, vent hood, custom cabinetry with lazy Susan inserts,
hardware, fixtures, and decorative lighting. Large living room with
fireplace opens to dining and sunroom. Panoramic views of the
scenic wooded backdrop from the HUGE game room with wet bar.
Massively upgraded electrical boasting two electric meters,
separate panels for the garage and shop, circuit for a hot tub,
numerous outlets throughout the home, and owners added electrical
capacity for future needs. Ultra functional utility room includes 2
lines for washers alongside ample built in storage, sink, and
hanging space. Enjoy private, peaceful living with easy city
access-located just 20 minutes to downtown Ft. Worth via the
Chisholm Trail Tollway. Be sure to ask for the complete list of
features!
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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